Headquarter: Mountain View

Year Founded: 2009

Employees: ~454 | 2021

Business Status: Generating Revenue

Industry Sectors: Fintech, Saas, Financial Software, Wealth-Management Tech

What IS ADDEPAR?

Developer of a wealth management platform designed to aggregate portfolio, market, and client data all in one place. The company's platform specializes in data aggregation, analytics, and performance reporting for complex investment portfolios to provide real-time portfolio reporting and insights required to make and implement investment decisions, enabling asset owners and advisors to have a clearer financial picture at every level to make informed, timely decisions.

WHAT DOES ADDEPAR DO?

Addepar is growing in a bid to strengthen its solution for advisors, acquiring companies making trading and rebalancing software. Addepar is growing its open architecture and a vast partner ecosystem to allow its wealth management clients to choose the components of their overall solution.

Financial Metrics

Addepar has surpassed $5 trillion in assets under oversight as of December 2024.

Addepar has offices in Silicon Valley, New York, and Salt Lake City and was co-founded in 2009 by Joe Lonsdale, co-founder of Palantir.

Addepar stock

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Most Recent Financing Status

The company raised $166.26 million in Series F venture funding from Vika Ventures and D1 Capital Partners on June 25, 2021, putting the company's pre-money valuation at $2 billion. The company intends to use the fund to further accelerate its rapid growth, fueling the expansion of the business and workforce into new geographies and driving the continued development of its category-defining platform. Previously, the company raised $117 million of Series E venture funding in a deal led by WestCap Group on November 18, 2020, putting the company's pre-money valuation at $950 million. 8VC and five other investors also participated in the round.

Major Investors

IPO CLUB, D1 Capital, 8VC, Peter Thiel, WestCap and Valor Equity Partners

Latest news

Jul 2023: Addepar IPO closer?

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Addepar